Portugal Seeks a Bailout

4/6/2011 5:22PM

Amid a rapid deterioration in its funding capabilities, Portugal today became the third nation to seek a financial bailout from the European Union. What is the EU demanding in return, and how will financial markets react? Simon Constable discusses the fallout with Newswires editors John Parry and Paul Vigna.

This transcript has been automatically generated and may not be 100% accurate.

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